Bitcoin falls further amid sell pressure from German government exchange transfers and Mt. Gox payouts | Headlines | News | CoinMarketCap
07/08/2024 23:30
Bitcoin's price has fallen further over the past 24 hours as Mt Gox payouts and the German government's transfers of BTC to crypto exchanges have …
The Block Crypto News18 minutes ago
AI
Foresight
Flow
Bitcoin
Block
Published on July 08, 2024 16:10 GMT+00:00edited on July 08, 2024 16:14 GMT+00:00
Bitcoin's price has fallen further over the past 24 hours as Mt Gox payouts and the German government's transfers of BTC to crypto exchanges have rattled markets.
"Equities and gold have been bouncing higher from the start of last week but bitcoin prices have gone the other way," QCP Capital analysts said.
Bitcoin has been beset by selling pressure amid anticipation of asset offloading from Mt Gox payouts and the German government making transfers of its seized BTC haul to exchanges. The largest digital asset by market cap has slid over 2% in the past day. QCP Capital analysts observe that bitcoin prices are continuing "to chop violently on very thin liquidity." Bitcoin is now changing hands for $56,216 at 11:05 a.m. ET., according to The Block's Bitcoin Price Page.